New terms – and more costs up front

Given the number of banking and commercial agreements written under English law, bankers and corporate lawyers need to be aware of new litigation rules in the UK. By Christopher Stoakes

At the end of April the way in which cases are brought to trial in the UK was transformed. Partly this is to reduce the state’s costs – the government wants to limit the amount it spends on legal-aid (financial support to individuals who are too poor to represent themselves in court) but the reforms are also designed to accelerate litigation and to prevent worthless cases from dragging on. Any bank or multinational that litigates before the UK courts needs to be aware of these changes.

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